Intech Investment Management LLC Buys 1,895 Shares of Boise Cascade, L.L.C. $BCC

Intech Investment Management LLC raised its stake in Boise Cascade, L.L.C. (NYSE:BCC) by 4.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43,836 shares of the construction company’s stock after purchasing an additional 1,895 shares during the period. Intech Investment Management LLC’s holdings in Boise Cascade were worth $3,806,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in BCC. SG Americas Securities LLC grew its stake in shares of Boise Cascade by 287.1% in the 2nd quarter. SG Americas Securities LLC now owns 4,695 shares of the construction company’s stock valued at $408,000 after buying an additional 3,482 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Boise Cascade by 5.1% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,661 shares of the construction company’s stock valued at $839,000 after acquiring an additional 470 shares during the period. Police & Firemen s Retirement System of New Jersey increased its holdings in shares of Boise Cascade by 3.1% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 8,696 shares of the construction company’s stock valued at $755,000 after acquiring an additional 264 shares in the last quarter. Bailard Inc. raised its position in shares of Boise Cascade by 69.0% during the second quarter. Bailard Inc. now owns 4,900 shares of the construction company’s stock worth $425,000 after purchasing an additional 2,000 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Boise Cascade by 0.8% in the 2nd quarter. Geode Capital Management LLC now owns 947,477 shares of the construction company’s stock worth $82,267,000 after purchasing an additional 7,618 shares in the last quarter. Institutional investors and hedge funds own 96.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on BCC shares. The Goldman Sachs Group decreased their price target on shares of Boise Cascade from $96.00 to $82.00 and set a “neutral” rating for the company in a research note on Monday, October 13th. BMO Capital Markets upgraded shares of Boise Cascade from a “market perform” rating to an “outperform” rating and set a $100.00 target price on the stock in a report on Wednesday, November 5th. Wall Street Zen downgraded Boise Cascade from a “hold” rating to a “sell” rating in a research note on Saturday, October 25th. DA Davidson decreased their price objective on Boise Cascade from $100.00 to $95.00 and set a “buy” rating for the company in a report on Friday, October 24th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Boise Cascade in a report on Thursday, November 13th. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $102.50.

Insider Buying and Selling

In related news, COO Jeffrey Robert Strom sold 1,000 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $91.06, for a total transaction of $91,060.00. Following the completion of the sale, the chief operating officer directly owned 37,026 shares in the company, valued at $3,371,587.56. This represents a 2.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.11% of the stock is owned by corporate insiders.

Boise Cascade Stock Down 0.9%

BCC opened at $66.06 on Wednesday. Boise Cascade, L.L.C. has a 12 month low of $65.62 and a 12 month high of $155.42. The company has a current ratio of 3.10, a quick ratio of 1.69 and a debt-to-equity ratio of 0.22. The business’s 50-day moving average price is $74.53 and its 200-day moving average price is $83.01. The company has a market cap of $2.45 billion, a P/E ratio of 13.06, a P/E/G ratio of 5.51 and a beta of 1.27.

Boise Cascade (NYSE:BCC) last issued its earnings results on Monday, November 3rd. The construction company reported $0.58 earnings per share for the quarter, meeting the consensus estimate of $0.58. The company had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Boise Cascade had a return on equity of 9.00% and a net margin of 2.96%.Boise Cascade’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.33 EPS. On average, equities analysts expect that Boise Cascade, L.L.C. will post 10.15 EPS for the current year.

Boise Cascade Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Monday, December 1st will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, December 1st. Boise Cascade’s payout ratio is presently 17.39%.

About Boise Cascade

Boise Cascade Company engages in manufacture of wood products and distribution of building materials in the United States and Canada. It operates through two segments, Wood Products and Building Materials Distribution. The Wood Products segment manufactures laminated veneer lumber and laminated beams used in headers and beams; I-joists for residential and commercial flooring and roofing systems, and other structural applications; structural, appearance, and industrial plywood panels; and ponderosa pine shop lumber and appearance grade boards.